The global smart fleet management market is projected to grow at a CAGR
of 8.0% from 2017 to 2022, to reach USD 462.48 billion by 2022.

The major factors responsible for the growth of the market include the
introduction of advanced technologies such as fleet optimization and
real-time monitoring systems in rolling stock, automotive, and marine
transport as well as rising awareness about fleet tracking, driver
monitoring, and enhanced safety.

The Asia-Pacific market is projected to witness the highest CAGR from
2017 to 2022. The major factors responsible for this region's growth
include increasing demand for fleet tracking systems and government laws
favoring the implementation in marine transport. Additionally, the
adoption of telematics application to reduce transportation cost and
enhance safety along with growing demand for tracking of fleets has
resulted in the growth of demand for rolling stock segment, which in
turn has boosted the market for smart fleet management in this region.

Smart fleet management with tracking system uses vehicle tracking system
to track the vehicles in real time. The purpose of this system is to
provide effective fleet tracking, real-time online monitoring, a
dedicated remote server for fleet data, and security features in a
single system.